China's Listed Companies Convertible M & A Research And Case Studies

George Stigler, a famous economist of America, once stated, "None of American large companies grow up through certain degree and form of Merger and Acquisition (M&A).Nearly no such companies grow up by their internal expansion." So, it is clear that enterprise Merger and Acquisition is a common behavior of the economy in the world. It has become a means and manner for enterprises to expand scale, adjust industrial structure and improve operation and management. Merger and Acquisition generally needs a lot of funds. When an enterprise has not enough funds, but it is good time to purchase, a special purchasing manner-stock for stock M&A can solve this problem.Starting with the basic theory of stock for stock M&A, this paper aims to analyze several practical problems in stock for stock M&A and finally discusses a practical case.This paper is composed of the following six parts.PART ONE: General introduction of stock for stock M&A of Chinese listed companies.PART TWO: The existing value of stock for stock M&A in China.PART THREE: Value analysis and fixing the price of object company in stock for stock M&A.PART FOUR: Determination of the proportion of bartering shares in bartering share annexation.PART FIVE: Accounting treatment of stock for stock M&ACompare and analyze the different effects of the two treatment methods (purchasing method and the method of integration of rights and interests) and how to choose and use the two methods in practical operation. Several suggestions on the accounting treatment methods in stock for stock M&A are provided.PART SIX: Case analysis of TCL group stock for stock M&A. Analyzes in detail the whole operation course including the basic information on the two parties, purpose, scheme, process, significance and deficiency of stock for stock M&A, etc.